3900 HoffmanWhite Bear Lake, MN 55110

  • Residential income properties
  • 70,140 SF
Off market
$9,038,942 Estimated

Property Details for 3900 Hoffman

Year built
1964
Construction
FRAME
Lot size
4.34 AC
Property size (Sq ft)
70,140 SF
Property type
Residential income properties
Property subtype
Other apartment buildings
APN
27-30-22-14-0017
APU
273022140017

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $15,990,547
    6.5%
    $14,760,505
    7%
    $13,706,183
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,548,916
    Geo Method
    $5,548,916
  • Alternative Use

    Use
    Valuation
    Residential
    $14,760,505
    Hospitality
    $13,520,543
    Educational
    $11,248,933
    Medical
    $11,635,801
    Retail
    $17,498,340
3900 Hoffman, White Bear Lake, Minnesota

Location Insight

City
White Bear Lake
County
Ramsey
State
Minnesota
Latitude
45.0597
Longitude
-93.0288
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $6,030,200
  • Assessed land value
    $1,440,000
  • Assessed value
    $7,470,200
  • Tax year
    2023
  • Tax bill
    $115,958

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